Analysts See $3.26 EPS for Lam Research Corporation (LRCX)

September 17, 2017 - By Maria Brooks

 Analysts See $3.26 EPS for Lam Research Corporation (LRCX)
Investors sentiment decreased to 0.98 in Q4 2016. Its down 0.20, from 1.18 in 2016Q3. It dived, as 39 investors sold Lam Research Corporation shares while 225 reduced holdings. 80 funds opened positions while 178 raised stakes. 159.58 million shares or 7.34% less from 172.22 million shares in 2016Q3 were reported.
Henderson Grp Public Ltd Com owns 0.02% invested in Lam Research Corporation (NASDAQ:LRCX) for 19,921 shares. Prudential Fincl has 0.04% invested in Lam Research Corporation (NASDAQ:LRCX). Cibc Mkts reported 11,981 shares. Foundry Prns Lc holds 0.63% or 138,355 shares in its portfolio. Hancock Hldg Co has 9,502 shares. Jane Street Gp Limited Company has 0.01% invested in Lam Research Corporation (NASDAQ:LRCX) for 23,718 shares. 2,945 were accumulated by Guardian L P. Hermes Inv reported 0.68% stake. Pnc Finance Serv invested in 0.17% or 1.41 million shares. The California-based Tarbox Group Inc Inc has invested 0.01% in Lam Research Corporation (NASDAQ:LRCX). Panagora Asset Mgmt has 660,186 shares for 0.32% of their portfolio. Carret Asset Management Limited Liability holds 0.14% or 7,044 shares in its portfolio. Banque Pictet & Cie Sa reported 0.09% stake. Virginia Retirement Et Al, Virginia-based fund reported 143,600 shares. The Unknown-based Mckinley Mgmt Lc Delaware has invested 1.17% in Lam Research Corporation (NASDAQ:LRCX).

Since March 16, 2017, it had 0 buys, and 4 sales for $5.36 million activity. ARCHER TIMOTHY sold $528,931 worth of stock or 4,223 shares. LORD PATRICK J also sold $430,320 worth of Lam Research Corporation (NASDAQ:LRCX) shares. 20,047 shares valued at $3.01 million were sold by NEWBERRY STEPHEN G on Thursday, May 18. Shares for $9.96M were sold by Gottscho Richard A on Thursday, March 16.

Investors wait Lam Research Corporation (NASDAQ:LRCX) to report on October, 18. its quarterly earnings Wall Street analysts expect $3.26 EPS, up $1.45 or 80.11 % from last year’s $1.81 same quarter earnings. This translates into $529.55M profit for LRCX giving the stock a 13.27 P/E. This is assuming the current $3.26 EPS is accurate. Lam Research Corporation’s Wall Street analysts see 4.82 % EPS growth, taking into account the $3.11 EPS reproted in the previous quarter, The stock increased 0.24% or $0.41 on September 15, reaching $172.99. About 2.69M shares traded or 36.55% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since September 17, 2016 and is uptrending. It has outperformed by 91.16% the S&P500.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 19 analysts covering Lam Research Corporation (NASDAQ:LRCX), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. Lam Research Corporation had 53 analyst reports since September 17, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, October 21 by Cowen & Co. Morgan Stanley maintained Lam Research Corporation (NASDAQ:LRCX) on Friday, July 7 with “Buy” rating. Needham maintained it with “Buy” rating and $145 target in Thursday, January 26 report. Argus Research initiated it with “Buy” rating and $196.0 target in Tuesday, September 12 report. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Underperform” rating by RBC Capital Markets on Thursday, October 22. Nomura downgraded Lam Research Corporation (NASDAQ:LRCX) on Thursday, August 11 to “Neutral” rating. The firm earned “Buy” rating on Thursday, October 6 by DA Davidson. The firm has “Buy” rating given on Thursday, October 20 by B. Riley & Co. The firm earned “Buy” rating on Thursday, October 22 by B. Riley & Co. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Tuesday, June 13 by UBS.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company has market cap of $28.10 billion. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits . It has a 18.79 P/E ratio. It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

More notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Nasdaq.com which released: “Zacks.com featured highlights include Owens Corning, Lam Research, Juniper …” on September 01, 2017, also Seekingalpha.com with their article: “Lam Research closes acquisition of Coventor” published on August 31, 2017, Nasdaq.com published: “Lam Research Corporation (LRCX) Ex-Dividend Date Scheduled for September 12, 2017” on September 11, 2017. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: Benzinga.com and their article: “Lam Research On The Cusp Of Healthy Chip Industry Environment; Argus Initiates …” published on September 12, 2017 as well as Seekingalpha.com‘s news article titled: “Lam Research Just Disclosed A New Material Risk – China” with publication date: August 21, 2017.

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